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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Commercial real estate properties, at cost:    
Land $ 366,357 $ 366,357
Development costs 8,187 8,178
Building and improvements 3,327,773 3,280,657
Commercial real estate properties, at cost 3,702,317 3,655,192
Less: accumulated depreciation (1,288,519) (1,250,062)
Commercial real estate properties, net 2,413,798 2,405,130
Cash and cash equivalents 333,573 346,620
Restricted cash 51,738 60,336
Tenant and other receivables 40,137 39,836
Deferred rent receivables 257,266 255,628
Prepaid expenses and other assets 74,472 98,167
Deferred costs, net 180,462 172,457
Acquired below-market ground leases, net 319,284 321,241
Right of use assets 28,378 28,439
Goodwill 491,479 491,479
Total assets 4,190,587 4,219,333
Liabilities:    
Mortgage notes payable, net 876,497 877,388
Senior unsecured notes, net 973,926 973,872
Unsecured term loan facilities, net 268,503 389,286
Unsecured revolving credit facility 120,000 0
Accounts payable and accrued expenses 91,005 99,756
Acquired below-market leases, net 12,798 13,750
Ground lease liabilities 28,378 28,439
Deferred revenue and other liabilities 69,289 70,298
Tenants’ security deposits 25,457 35,499
Total liabilities 2,465,853 2,488,288
Commitments and contingencies
Empire State Realty Trust, Inc. stockholders' equity:    
Preferred stock, $0.01 par value, 50,000 shares authorized, none issued or outstanding 0 0
Additional paid-in capital 1,066,030 1,060,969
Accumulated other comprehensive income 11,656 6,026
Retained deficit (83,212) (83,108)
Total Empire State Realty Trust, Inc. stockholders' equity 996,122 985,518
Non-controlling interests in the Operating Partnership 698,672 700,180
Non-controlling interests in other partnerships 0 15,407
Private perpetual preferred units:    
Total equity 1,724,734 1,731,045
Total liabilities and equity 4,190,587 4,219,333
Class A Common Stock    
Empire State Realty Trust, Inc. stockholders' equity:    
Common stock 1,638 1,621
Class B Common Stock    
Empire State Realty Trust, Inc. stockholders' equity:    
Common stock 10 10
Private Perpetual Preferred Units, Series 2019    
Private perpetual preferred units:    
Private perpetual preferred units 21,936 21,936
Private Perpetual Preferred Units, Series 2014    
Private perpetual preferred units:    
Private perpetual preferred units $ 8,004 $ 8,004